(Answered) Accounting chatchat 1300 words or lesswhat is the

Accounting

Accounting Chat

Chat #1

300 words or less

What is the difference between cash and accrual basis of accounting?

What kind of accounts are affected with adjustments?

How to determine if an account or transaction is for a prepaid expense, accrued expense, unearned revenue, or accrued revenue?

Chat #2

Summarize the adjustment process.

300 words or less.

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